Higher food prices trigger inflation

Wednesday, 25 February 2015 - 18:52

Year-on-year headline inflation increased to 3.2 per cent in January 2015 from 2.1 per cent in December 2014 while annual average inflation declined marginally to 3.2 per cent from 3.3 per cent recorded in the previous month.

The increase in inflation in January is attributed to higher food prices, which have now broadly stabilised.

Accordingly, it is expected that inflation, which has registered single digit rates in the post-conflict period, will continue to remain comfortably low in 2015.